Income Tax in the USA
U.S. income tax
explained for non-tax people
click   Links   to access links to law and regs
from tax videos on YouTube
   Income Tax in the USA
Updated for 2016 returns  including Federal tax law and other rules through December 1, 2013, state tax rates, exemptions, and deductions.

This is the only comprehensive e-book covering both individual and business income taxes, and the only tax book updated for provisions enacted in December, 2015. It is a true e-book, not just pictures of printed pages, with clickable internal and external links. Income Tax in the USA explains U.S. income tax rules and concepts in plain language, with easy examples. It provides context for the rules discussed without assuming the reader is an accountant or attorney. This book, updated for Federal and state changes through January 1, 2016, covers the full range of Federal income tax, and provides an overview of many state rules. It's more than just a guide for how to prepare your 1040. Income Tax in the USA is a must-have book for business people, investors, and advisers. It discusses tax return concepts and reporting rather than line-by-line how to prepare an individual tax return.

Income Tax in the USA is still the only tax book, print or electronic, that gives you decent coverage of all of these:

  • The Affordable Care Act, including credits, penalties, and health plan restrictions,
  • Inventory and cost of goods sold,
  • Pension plans,
  • Multiple asset accounts and the capitalization (repairs) regulations,
  • Nonprofit organizations,
  • Accounting methods and periods,
  • Both Federal and state rules,
  • Employment taxes, including Social Security, and
  • U.S. accounting rules for income taxes.

Income Tax in the USA gives you:

  • Links to over 100 videos explaining topics covered,
  • Tables you can actually read, with scalable type size (not just pictures of tables)
  • Tables of key state income tax items for all states,
  • Detailed explanations of concepts and rules in concise, readable, plain language,
  • Hundreds of easy, practical examples,
  • Authoritative and well cited analyses,
  • Comprehensive coverage of all major aspects of U.S. Federal and state income taxation,
  • In-context hot links to IRS forms,
  • A comprehensive glossary, and
  • Thousands of clickable cross reference and index links for finding things easily.
Stephen C. Fox, CPA Steve Fox, CPA, has been advising businesses and individuals on complex tax issues for over 35 years.  He was an international CPA firm tax director.  Steve developed the courses and teaches in the international tax program at Fairleigh Dickinson University.  His articles have been published in Journal of Taxation, Journal of Taxation of Investments, The Tax Adviser, and other professional journals.
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